Here's How Long It Will Take to Get a Mortgage. Youâre scrolling the online listings, looking for houses, when â boom â the love of your real estate life pops out from the page. Youâve found the perfect home, with the best imaginable location, layout, size, finishes, and price.
A. As the property is a commercial property and the vendor is registered for GST the sale of the property to you will be a taxable supply.In that case, GST will be either nothing or charged at 12.5 per cent.ou could claim a GST deduction on the purchase price of an untenanted commercial property if you acquired it for the principal purpose of making taxable supplies and registered for GST.
For example, if you are married and earn $110,000 from your jobs and make $260,000 in capital gains and recaptured depreciation on the sale of your house, you would need to pay the 3.8 percent tax on the $120,000 of investment income over the $250,000 threshold.You can defer paying all of these taxes.apital Gains Taxes. As long as you have held your rental property for at least one year, any gain that you make on its sale will be taxed as long-term capital gains at a rate of 15 percent.